GENERAL CABLES.

Manawatu Times, Volume XLII, Issue 1765, 17 March 1921, Page 5

GENERAL CABLES.

[By Electric Cable —Copyright.] (Aust. and N.Z. Cable Association.] Guild of Socialism.

The proposal based on a Guild of Socialism has advanced a further stage. The idea is to establish woollen and worsted mills on the site of Parramatta gaol, to be conducted by members of the Textilb Workers Union on co-operative lines, dealing directly with the consumer. The union is endeavouring to raise £200,000, and has approached the Government for a 12 months’ option over the property. Manning the Ships. The Australian Manning Committee has refused the request of the Ulimaroa’s crew for three additional firemen, but has consented to three for the Zealandia, three out of six asked for the Katoomba and Canberra, and also three additional trimmers for the Maroolia. The Seamen’s Union has issued instructions that the foregoing be manned when required. Powder Explosion. . A powder magazine containing 25 tons of black powder nitrate exploded at the Colonial Ammunition Company’s works at Footscray, Melbourne, enveloping five clerks in flames. Four received painful burns ahd sustained severe shock. Australian Wheat. Private • advices state that Australian wheat has been offered in England at a rate equivalent to under 8/- per bushel free on board on a 70/- freight basis. Doesn’t Witnt Throne. Prince Danilo has renounced the Montenegrin throne in favour of his nephew, Michaila, who is now completing his education in England. Queen Milena assumes the regency. Top-making Profits. The British Profiteering Committee, which has been investigating the wool top-making trade, reporting on the basis of an examination of the books of five firms, says that the average profit for 1912 was under Jd per lb. By 1919 the profit was 9d, which was reduced to 6d aftet deducting the excess profits tax. The percentage of nett profit on the capital employed increased from 15 per cent, in 1912 to 39 per cent in 1919, after the deduction of the excess profits tax. The committee adds that top-making is highly speculative. Doesn’t Need Specialist. Mr Storey, New South Wales Premier, yielding to importunities, has agreed to give a short address to Parliamentarians in the House of Commons on Wednesday. H 6 will refer particularly to defence and the White Australia policy. He will also briefly address thb Colonial Institute on Thursday. Mr Storey expects to bo able to visit the battlefields next week. He has been advised that it is unnecessary to consult a specialist at present. .